OCI confirms potential Abu Dhabi listing for fertilizer JV with ADNOC
- Date: 05-May-2021
- Source: Zawya
- Sector:Industrial
- Country:UAE
OCI confirms potential Abu Dhabi listing for fertilizer JV with ADNOC
DUBA- Fertiglobe, a fertilizer joint venture between chemical producer OCI and Abu Dhabi National Oil Company (ADNOC), has started preparing for a potential initial public offering in Abu Dhabi, OCI said in a stock exchange disclosure on Wednesday.
Fertiglobe, 58% owned by OCI and 42% by ADNOC, could be valued between $5 and $5.5 billion, two sources familiar with the deal said.
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